VAT is a turnover tax. Theoretically defined value-added tax is a kind of tax levied on the value-added amount obtained by enterprises in selling goods, providing processing, repair and replacement services and engaging in imported goods. As long as the income from the sale of goods and other taxable income is realized, the value-added tax must be paid. The added value refers to the newly created value in the production process. Because the value-added tax is only levied on the value-added amount, it is called "value-added" tax.
Value-added tax realized in this period = output tax-input tax+input tax transfer out.
When an enterprise obtains a special VAT invoice for purchasing materials, commodities and services,
Debit: raw materials in stock/goods in stock/management expenses/manufacturing expenses and other subjects.
Taxes payable-VAT payable-input tax
Loans: accounts payable/cash/bank deposits
When an enterprise sells products and services and realizes sales,
Debit: Accounts Receivable/Cash/Bank Deposit
Loan: main business income/other business income, etc.
Taxes payable-VAT payable-output tax
What subjects the borrower and lender use in the above entries should be determined according to the company's financial system and the actual business content!
How to make accounting entries for input tax and output tax 1 Calculate the input tax, assuming that 260 yuan is the price excluding tax:
Borrow: Inventory goods-some kind of coal 260
Debit: Taxes payable-VAT payable (input tax) 44.2
Loan: Bank deposit 304.2
2, calculate the output tax:
Debit: 500 in the bank.
Loan: income from main business is 427.35(500/ 1. 17).
Credit: Taxes payable-VAT payable (output tax) 72.65
3. VAT payable per ton: output = 72.65-44.2 = 28.45 yuan.
Hereby answer!
Accounting entries (month-end carry-over) in which the output tax is greater than the input tax are correct first, and should be done on time.
Debit: Taxes payable-Unpaid VAT
Loans: bank deposits
The head office has input tax but no output tax, and the branch office has output tax but no input tax. How to make accounting entries? In the same administrative region, the head office and branches can declare and pay taxes in a unified way, and the branches implement the reimbursement system.
If it is outside the same administrative region, the head office and branches shall register tax separately and apply for the recognition of general taxpayers, and then the head office may issue special VAT tickets to the branches.
How to deal with the accounting entries of input tax and output tax when making internal accounts? sell goods
Debit: bank deposit 1 17000.
Loan: main business income 100000.
Taxes payable-VAT payable-output tax 17000
Selling product b
Debit: 200,000 yuan in the bank.
Loan: main business income 170940.2
Taxes payable-VAT payable-output tax 29059.8
The purchased materials include tax.
Borrow: material procurement/raw materials 5 182.38+0
Taxes payable-VAT payable-input tax 87 17.9
Loan: 60,000 yuan in bank deposit.
The purchased materials do not include tax.
Borrow: 80,000 yuan for material procurement/raw materials.
Taxes payable-VAT payable-input tax 13600
Loan: 93,600 yuan in bank deposit.
How to deal with the accounting entries of input tax and output tax when making internal accounts? 1. There is no requirement for internal account. You can register a running account or a fixed account. In short, as long as you register your account clearly according to the requirements of the unit.
2. If the leader can't read the accounting statement, he can prepare a statement of income and expenditure and provide the boss with a statement of income and expenditure every month.
3. Cash flow statement is an annual report, which is very complicated to compile. It is impossible to compile the cash flow statement according to the formula, and the leaders may not understand it.
The output tax this month is less than the input tax. How to make accounting entries for the input tax that has not been fully deducted? If the input tax that is not fully deducted does not need to be entered, it can be deducted this month and then deducted next month.
According to the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on the Issue of Input Tax Deduction of VAT Special Invoices Issued by the Anti-counterfeiting Tax Control System of VAT General Taxpayers (Guo Shui Fa [2003] 17), 1. The special VAT invoice issued by the anti-counterfeiting tax control system that the general VAT taxpayer applies for deduction must be certified by the tax authorities within 90 days from the date of issuance of the special invoice, otherwise the input tax will not be deducted. Second, the special VAT invoice issued by the anti-counterfeiting tax control system certified by the general VAT taxpayer should be accounted for and deducted in the current period in accordance with the relevant provisions of VAT in the month of certification, otherwise the input tax will not be deducted.
Scope of collection of value-added tax:
1) Goods sold or imported. Goods refer to tangible movable property, including electricity, heat and gas. Selling goods refers to the paid transfer of ownership of goods.
2) Provide processing, repair and replacement services. Processing refers to the entrusted processing of goods, that is, the entrusting party provides raw materials and main materials, and the entrusted party manufactures goods according to the requirements of the entrusting party and collects processing fees; Repair and repair refers to the business of repairing damaged and invalid goods and restoring them to their original state and function. Processing, repair and replacement services provided refer to processing, repair and replacement services provided with compensation. Employees of units or individual industrial and commercial households that provide processing, repair and replacement services for units or employers are not included.
3) In addition to the above general provisions, the following special items and special behaviors also belong to the scope of VAT collection:
1. Special items refer to: commodity futures (including commodity futures and precious metal futures); The business of selling gold and silver by banks; Pawn to sell dead goods, consignment to sell consignment goods on behalf of customers; Production and distribution of philatelic products (such as stamps, first day covers, postal discounts, etc.). ) and other units and individuals outside the postal department selling philatelic products are all within the scope of value-added tax collection.
Second, special behavior. Including:
(1) is regarded as the act of selling goods. Including: delivering the goods to other units or individuals for consignment; Consignment of goods; Taxpayers with more than two institutions and unified accounting transfer goods from one institution to other institutions for sale, except that the relevant institutions are located in the same county (city); Use the self-produced or entrusted goods for non-VAT taxable items; Use self-produced or entrusted goods for collective welfare or personal consumption; Providing self-produced, commissioned or purchased goods to other units or individual industrial and commercial households as investment; Distribute self-produced, commissioned or purchased goods to shareholders or investors; Give the self-produced, commissioned or purchased goods to other units and individuals for free.
② Mixed sales behavior. If the sales activity involves both goods and non-VAT taxable services, it is a mixed sales activity.
③ Run non-VAT taxable services concurrently. Taxpayers engaged in non-VAT taxable items shall separately account for the sales of goods or taxable services and the turnover of non-VAT taxable items; If it is not accounted for separately, the sale of goods or taxable services shall be approved by the competent tax authorities.
Do I pay both input tax and output tax in accounting entries? Hello, Miss Li from the accounting school will answer your questions.
No, the output is paid by subtracting the input.
Welcome to give me a nickname-ask all the teachers in the accounting school.
This month's output tax is 0. If there is input tax, how to make accounting entries? Enter the inventory goods/raw materials borrowed during this month's certification period.
Taxes payable-VAT-input tax
Lending Bank Deposit/Cash/Accounts Payable-Level 2 Subject (XX Enterprise)
If this month is not certified, this entry will be borrowed from the inventory goods/raw materials.
Advance payment-input tax to be deducted
Lending Bank Deposit/Cash/Accounts Payable-Level 2 Subject (XX Enterprise)
Taxes payable for certified loans next month-VAT-input tax
Loan prepayment-input tax to be deducted
Excuse me: how to make accounting entries for the deduction of output tax and input tax? I. Accounting Treatment of Value-added Tax
1, when the sale occurs
Debit: bank deposit
Loan: income from main business
Credit: VAT payable-output tax
2. When purchasing raw materials
Borrow: raw materials
Borrow: VAT payable-input tax
Loan: bank deposit (or accounts payable)
3. If the input tax is transferred out in the current month.
Borrow: projects under construction (or fixed assets, welfare funds payable, etc.). )
Credit: VAT payable-Transfer-out input tax
Second, carry-over at the end of the month
1. The month-end VAT is calculated as payable, that is, the balance is in the credit (output tax-input tax+input tax transfer-out), then:
Debit: Taxes payable-VAT payable (VAT transferred out)
Loan: Taxes payable-VAT unpaid
When paying next month:
Borrow: Taxes payable-VAT unpaid
Loans: bank deposits
2. At the end of the month, if the VAT overpayment is calculated, then:
Borrow: Taxes payable-VAT unpaid
Loan: Taxes payable-VAT payable (VAT payable after transfer)
After receiving the goods returned from the warehouse (if VAT is payable later, accounting entries are not needed):
Debit: bank deposit
Loan: Taxes payable-VAT unpaid
3. At the end of the month, if the value-added tax is calculated as the final tax allowance (the balance is debited), there is no need to pay tax for the time being, and there is no need to carry out accounting treatment, and the tax will be paid when the output tax in the future (that is, the next month) is greater than the tax allowance.